Key Highlights
- XRP price surged over 4% in the past day, reaching the critical $1.13 resistance threshold.
- Breaking above $1.13 may catalyze a 20% upward move to reach the $1.35 price zone.
- The token climbed past its 20-day EMA while continuing to trade under the 50-day and 100-day moving averages.
- Market indicators reveal buyers maintain a slight edge, though momentum signals remain subdued.
- Short position liquidations rose during the advance, while long liquidations remained contained.
XRP price surged over 4% in the past 24-hour period as buying pressure drove the digital asset toward the $1.13 resistance zone. Market participants are closely monitoring a symmetrical triangle formation that has consolidated recent price movement around this critical level. Should the token break decisively above this boundary, traders anticipate a potential advance toward $1.35, though a broader descending channel continues to cap daily gains.
Descending Channel Presents Challenge for XRP Bulls
XRP price hovered around $1.13 on Monday following a 4.6% increase over the preceding 24-hour window. The digital asset oscillated within a range bounded by $1.08 on the lower end and $1.14 on the upper boundary as buyers protected downside levels while testing overhead resistance. XRP price maintained its position above the $1.10 zone, which provided foundational support for the current bounce.
The cryptocurrency’s market valuation reached roughly $70.85 billion, accompanied by daily exchange volume hovering around $1.27 billion. Analyst Ali Martinez highlighted a symmetrical triangle formation appearing on the hourly timeframe following a period of contracted volatility. His analysis suggests that clearing the $1.13 barrier could open the path for approximately 20% appreciation toward $1.35.
Martinez additionally pointed to a TD Sequential buy indication appearing on XRP’s monthly timeframe chart. Yet the larger daily framework continues operating within a descending channel that has capped upside attempts for multiple months. XRP price requires a definitive breach of this channel structure to validate a more substantial directional shift.
Moving Averages and Momentum Signals Reveal Mixed Picture
XRP price climbed 2.04% to approximately $1.134 on the daily timeframe after bouncing from the $1.10 support area. The token touched an intraday peak near $1.137 while establishing a session low around $1.110. Buying activity pushed the digital asset above its 20-day exponential moving average positioned near $1.105.
Yet XRP continues trading beneath the 50-day moving average located around $1.145 and the 100-day moving average situated near $1.237. A daily settlement above $1.145 would bring resistance levels near $1.20 and $1.29 into view. Conversely, XRP price may retreat toward $1.06 should sellers reclaim dominance under the $1.10 level.
Source: TradingView
The Directional Movement Index continues displaying muted trend intensity, with the ADX value sitting around 12.22. The positive directional indicator registers at 23.14, marginally exceeding the negative directional indicator at 20.67. XRP price maintains a slim near-term edge, though elevated trading volume becomes essential for validating continuation.
Derivatives Activity and ETF Flows Reinforce Buying Interest
XRP approached $1.13 as short position liquidations accelerated during the recent derivatives session. The upward movement eliminated bearish contracts from the marketplace, while long position liquidations stayed relatively constrained. XRP experienced lower derivatives volatility compared to the significant liquidation episode recorded in late June.
Source: Coinglass
During that previous occurrence, long liquidations totaled approximately $40.42 million throughout monitored exchanges. The present recovery demonstrates revived near-term appetite, though buyers must sustain momentum above current trading boundaries. XRP additionally requires consistent spot market engagement before pushing toward elevated resistance thresholds.
XRP price drew additional backing from spot exchange-traded funds, which posted $2.49 million in net capital inflows on July 20. Bitwise’s BWXRP accounted for the entirety of daily inflows and elevated its aggregate total to $501 million. XRP price settled near $1.13 as ETF holdings reached $1.017 billion while cumulative flows climbed to $1.489 billion.
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